Riot Games Explores Prediction Market Sponsorships Ahead of League of Legends World Championship Riot Games has entered discussions with prediction market operators Kalshi and Polymarket regarding potential esports sponsorship agreements, according to a Bloomberg report published on September 11. The talks come weeks before the League of Legends World Championship kicks off in October. Riot ...
Elastics Executive Predicts Prediction Markets Will Displace Traditional Commercial Insurance Jan Czarnocki, Chief of Staff and General Counsel at Elastics, appeared on the NEXTPredict Podcast to outline a transformative vision for prediction markets. According to Czarnocki, these platforms are poised to evolve well beyond retail sports betting and eventually displace traditional commercial insurance models. Shift ...
Prediction marketplace Kalshi is preparing to introduce one of cryptocurrency’s most widely traded instruments to the U.S. equities market, with perpetual futures contracts tied to major companies including Tesla, Apple, and Nvidia that would operate around the clock. Regulatory Filing Planned for Dozens of Contracts The operator intends to seek regulatory approval for approximately 60 ...
Polymarket Appoints Finance Veteran Warren Jenson as CFO to Drive U.S. Expansion Prediction market platform Polymarket has named Warren Jenson as its new Chief Financial Officer, a strategic hire aimed at accelerating the company’s U.S. expansion and strengthening global operations. Jenson will report directly to Founder and Chief Executive Officer Shayne Coplan. Seasoned Executive to ...
Prediction market platform Kalshi has escalated its legal challenge against the state of Nevada, filing a petition for an en banc rehearing before the Ninth Circuit Court of Appeals. The move comes after a three-judge panel ruled in favor of Nevada, upholding the state regulator’s authority to classify Kalshi’s sports-related event contracts as gambling. Background: ...
George Santos did not attend the event, ultimately betting money on that outcome. In addition to banning him, Kalshi fined Santos more than $70,000 in…
Donald Trump Jr.’s venture capital firm, 1789 Capital, is leading a $1 billion funding round for prediction market Polymarket, valuing the company at $21 billion,…
Kalshi, the regulated U.S. prediction-market exchange, has issued its first permanent trading ban, barring former Representative George Santos and fining him more than $70,000 for…
Kalshi has permanently banned former U.S. Representative George Santos and imposed a $71,356 penalty after determining that he manipulated an event market tied to his…
Kalshi Partners With Alpaca to Expand Prediction Markets Beyond the US Kalshi is partnering with brokerage infrastructure provider Alpaca to expand access to its event…
Ninth Circuit Allows Nevada to Enforce Gambling Rules Against Kalshi The U.S. Court of Appeals for the Ninth Circuit has ruled against prediction market platform…
Connecticut has filed a lawsuit against prediction market operator Kalshi, escalating a nationwide legal battle over whether such platforms can offer sports-related contracts without state gambling licenses. The action, filed Thursday by Attorney General William Tong, alleges that Kalshi’s sports contracts function as traditional sports wagers and violate state consumer protection laws. State Alleges Unlicensed ...